Salvatore Ferragamo news and archive

Ferragamo sales decline amid weak consumer demand in Asia Pacific

In the third quarter, Salvatore Ferragamo’s revenues amounted to 221 million euros, down 7.2 percent at constant exchange and down 9.6 percent at current exchange rates penalised by a weak Asia Pacific market, secondary channel and wholesale environment. In the nine month period, revenues amounted to 744 million euros, down 9.8 percent at...

Business

Chinese giant Alibaba is courting Italian luxury houses

Chinese conglomerate Alibaba Group Holding's Lazada is eyeing Italian luxury houses such as Giorgio Armani and D&G, in a bid grow e-commerce sales to 100 billion dollars by 2030. Having premium European fashion and design brands in its portfolio would stave off other Asian competitors, reported Bloomberg. The company's executives recently...

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Video: Ferragamo SS25

Watch Ferragamo’s runway show at Milan Fashion Week showcasing their SS25 collection. Promotion Read more about Ferragamo on their brandpage

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Ferragamo posts 41 percent drop in H1 operating profit

In the second quarter, Salvatore Ferragamo’s revenues amounted to 296 million euros, down 6 percent at constant exchange and down 8.1 percent at current exchange rates, penalised by a weak Asian market and wholesale environment. In the first half period, revenues amounted to 523 million euros, down 10.9 percent at constant exchange and down 12.8...

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Volatile China market impacts Salvatore Ferragamo's Q1

Salvatore Ferragamo Group’s revenues of 227 million euros were down 18.3 percent at current exchange rates and 16.6 percent at constant exchange rate. In a statement, the company attributed the negative DTC performance to January trading and a volatile consumer environment in Greater China. The wholesale channel, Ferragamo added, was penalised...

People

Ferragamo confirms Marco Gobbetti as CEO

Marco Gobbetti will retain his position at Salvatore Ferragamo for another two-year term, until 2026. The newly elected board of directors has also confirmed Gobbetti's role as general manager and CEO, currently holding 134,766 shares in the company listed on Euronext Milan, reported Pambianco News. The company also confirmed Leonardo Ferragamo...

Culture

Salvatore Ferragamo launches podcast on the rise of fashion house

Salvatore Ferragamo is launching a new ‘Shoemaker of Dreams’ podcast series this month on the birth and rise of the Italian fashion house, following the steps of its founder. The eight-part series, produced for Museo Ferragamo by Italian podcast company Chora Media, focuses on the story of Salvatore Ferragamo, “who transformed shoes into...

BusinessFeatured

Ferragamo posts drop in FY23 sales and profit

The Salvatore Ferragamo Group reported revenues of 1,156 million euros, down 7.6 percent at current exchange and down 8.1 percent at constant exchange rates for FY23. The company attributed the decline to the transition of the product offer, while continuing the optimisation of the network, against the backdrop of a softening luxury market,...

Business

Ferragamo sales drop in 2023

Salvatore Ferragamo reported preliminary revenues of 1.157 million euros, down 7.6 percent at current exchange rates and down 8.1 percent at constant exchange for fiscal 2023. Commenting on the trading update, Marco Gobbetti, chief executive officer and general manager of the company said: “We are conscious of the work ahead of us and remain...

People

Ferragamo appoints Pierre La Tour as Group CFO

Salvatore Ferragamo has appointed Pierre La Tour as Group CFO, effective March 18, 2024. The company said in a release that La Tour has also been designated by the company's board of directors as manager with strategic responsibilities, due to the prerogatives and tasks assigned to him related to the areas of administration, finance, control and...

Business

Salvatore Ferragamo acquires minority stake in three Greater China JVs

The Salvatore Ferragamo Group has confirmed the purchase of the minority interests held by Imaginex Holdings and Imaginex Overseas in three joint ventures, Ferragamo Moda Shanghai (FMS), Ferragamo Retail Macau (FRM) and Ferrimag (FIM), incorporated to distribute Ferragamo products in the Greater China area. Commenting on the development,...

BusinessFeatured

Ferragamo posts sales decline but confirms positive outlook

For the nine month period, the Salvatore Ferragamo Group reported revenues of 844 million euros, down 8.3 percent at current exchange and 9.2 percent at constant exchange rates, impacted by a negative perimeter effect both in retail and wholesale channels. Commenting on the trading update, Marco Gobbetti, the company’s chief executive officer...